Canada Calls the Gold Bottom?
Lately there are some crucial technical indicators that are pointing to a long term bottom in the price of silver and gold bullion. It seems that after this roughly five year bear market the trend has kind of changed. Could this be history repeating itself? A decades long bottom was laid in gold when Great Britain sold most of their gold in 2002. Now, in 2016, the Bank of Canada just sold every last nugget of their gold deposit. So are we at a bottom? History has shown, when it comes to gold and silver, governments aren’t really the sharpest tacks in the shed or whatever the hell that cliche is. Here’s a great post on the gold bottom topic by an Elliot Wave analyst.
http://www.marketwatch.com/story/canadas-gold-sale-could-mark-a-long-term-bottom-2016-03-11